On June 26, Tata Communications shares fell around 2% as the stock traded ex-dividend. The company recorded June 26, 2023, for receiving a final dividend of Rs 21. For Q3FY23, the company has acknowledged an equity dividend of 210%, amounting to Rs 21 per share.

At 9:15 am, the stock fell 1.5% to Rs 1,538.45. The stock rose 26% in the past month. In the past year, the stock plunged over 70%.

The network services provider objects to doubling its data income to Rs 28,000 crore by FY27, increasing 19% a year, the company stated on June 7, against its earlier leadership of “double-digit” revenue growth.

In FY23, the section’s revenue was Rs 14,100 crore, while the entire revenue from operations was Rs 17,800 crore.
The company goals are to accomplish the target by strengthening leadership in India, increasing wallet share through improved customer relevance and increasing worldwide market share, it was mentioned during an analysts’ meet.

Tata Communications is considered one of the important global digital ecosystem enablers. It offers its clientele state-of-the-art resolutions across various communication, collaboration, cloud, mobility, connected solutions, network and data centre services.